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Interest rates unchanged at 5.75%

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  • Interest rates unchanged at 5.75%

    The Bank of England’s Monetary Policy Committee elected to keep interest rates at 5.75% yesterday in spite of pressure to cut rates to aid economic growth and avoid potential pitfalls of prolonged high rates. Leading City figures, trade unions and retailers have been urging the bank to cut rates. Ernst & Young recently commented that a [...]

    More: Interest rates unchanged at 5.75%
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